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Gene: My question has utterly nothing to do with the fairness of commissions in general. It is aimed specifically at determining the justification of an SLK/Bright imposed "surcharge" for trades that may, or may not, warrent such surcharges. I am asking for clarification of these SPECIFIC...

This NYSE charge for orders from 2100-5000 shares is not new. It's been around for quite some time. However, my contacts at Bright tell me you started charging for this within the past year. First off, I'm interested to know why you started charging for this all of a sudden. BUT MOST...

Have you simply not seen this thread or are you ignoring it for some reason?

You are confusing the issue. Paying commissions for a valuable service is fine and dandy. I'm not "complaining" about commissions in general. It is the thought of paying inaccurate or misleading fees that troubles me. I can't be certain if this is the case with Bright as of yet because I am...

Mr. Bright, Maybe you can clear this up. My understanding is that the NYSE does NOT bill member firms (SLK in your case) any additional monies for trades from 2100 to 5000 shares, IF that member firm's total NYSE fees exceed (roughly) $500,000 that month. It's pretty clear that SLK meets...

Don. No worries. Just the facts maam. I'm not sure why anyone would want to hang a BD shingle these days. The water may be warm now, but it won't be that great forever. :) What you have is a commodity business whether you want to realize that or not. My crystal ball (which sometimes...

Not sure about rebates but from what I understand Spear Leeds charges its broker clients from .0025 to .02 per share depending on their volume. The actual numbers may be a little more or less than these but this is a good estimate. Spear also does things like provide free office space and...

Def can you tell us if most of your black box strategies are technical based?

Bright pays .0025 per share, traders pay .01 per share (good guess??). Trader is unhappy (cuz they have to use REDI+)., Bright is thrilled cuz they gross $7500 per million shares, get REDI for free, get to charge haircut fees, make money on bullets..........! Who needs a middleman...